State of Wyoming Has $3.11 Million Stock Position in Mastercard Incorporated (NYSE:MA)

State of Wyoming raised its holdings in Mastercard Incorporated (NYSE:MA) by 557.3% in the 4th quarter, HoldingsChannel reports. The fund owned 5,896 shares of the credit services provider’s stock after acquiring an additional 4,999 shares during the period. Mastercard comprises approximately 0.4% of State of Wyoming’s holdings, making the stock its 19th biggest position. State of Wyoming’s holdings in Mastercard were worth $3,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the fourth quarter worth $32,000. Finally, Navigoe LLC acquired a new stake in Mastercard in the fourth quarter worth $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA stock opened at $582.97 on Friday. The stock has a market capitalization of $531.49 billion, a P/E ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm’s 50 day moving average is $535.67 and its 200 day moving average is $535.63. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $584.29.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.31 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MA shares. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group dropped their price objective on shares of Mastercard from $660.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $640.00 price objective (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.